IG Group (LON:IGG) Hits New 52-Week High – Here’s Why

IG Group Holdings plc (LON:IGG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,559 and last traded at GBX 1,558.50, with a volume of 9375221 shares. The stock had previously closed at GBX 1,533.

IG Group Stock Performance

The firm has a market capitalization of £5.17 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of -1.44 and a beta of 0.49. The company’s 50 day moving average is GBX 1,462.01 and its 200-day moving average is GBX 1,324.15. The company has a quick ratio of 2.40, a current ratio of 3.43 and a debt-to-equity ratio of 30.81.

IG Group (LON:IGG) last released its quarterly earnings data on Thursday, March 19th. The company reported GBX 196.66 earnings per share for the quarter. IG Group had a net margin of 35.26% and a return on equity of 20.91%. As a group, equities analysts anticipate that IG Group Holdings plc will post 104.0295119 EPS for the current year.

IG Group declared that its board has authorized a share repurchase plan on Wednesday, April 1st that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

IG Group Company Profile

IG Group Holdings plc (“IG”) is a FTSE 100 financial technology company operating at the intersection of retail trading, technology and capital markets. Through its trusted brands – IG, tastytrade, Freetrade and Independent Reserve – the Group serves over 1.3 million customers worldwide, providing leveraged trading, stock trading and investments, and cryptocurrency trading via its proprietary platforms. For more information, visit www.iggroup.com.